Equal-WT
WhaleScore 2.0
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Bayview Asset Management is based out of Coral Gables. Bayview Asset Management is a hedge fund with 51 clients and discretionary assets under management (AUM) of $38,629,858,981 (Form ADV from 2024-04-29). Their last reported 13F filing for Q2 2024 included $286,636,275 in managed 13F securities
and a top 10 holdings concentration of 83.26%. Bayview Asset Management's largest holding is Enact Holdings Inc with shares held of 2,653,503. Whalewisdom has at least 25 13F filings, and 5 13G filings
Business Description
Bayview Asset Management, LLC, a Delaware limited liability company, commenced operations in 2008 and provides discretionary investment management services to private pooled investment vehicles known as Funds. These Funds are offered to investors on a private placement basis.
Bayview Fund Management, LLC, a wholly-owned subsidiary of Bayview Asset Management, serves as the management company for the Funds. The principal owner of Bayview Asset Management is Bayview Asset Management Holdings, LLC, which is ultimately controlled by David Ertel through his indirect majority ownership interest.
Investment Strategy
The investment strategies discussed in the provided documents focus on long/short investments and loans and securities. The long/short strategy aims to identify and purchase undervalued investments while simultaneously shorting overvalued investments. The success of this strategy depends on Bayview's ability to accurately identify these opportunities, which is a challenging task with no guarantee of success. Market disruptions can lead to significant losses, potentially forcing the closure of positions.
The second strategy involves investing in loans and securities. The program size for a particular strategy is generally determined by the targeted gross asset value allocated to that strategy, taking into account net asset value, uncalled capital commitments, and target leverage. The percentage of a Fund's total targeted gross asset value allocated to securities strategies can vary depending on the specific Fund and its investment focus. For example, the BMS Funds are likely to have 100% of their program size available for securities investments, while the BOF Funds' allocation to securities is expected to fluctuate over time.
Owners
- ERTEL, DAVID - CHIEF EXECUTIVE OFFICER / DIRECTOR
- ERTEL, DAVID - CHIEF EXECUTIVE OFFICER / DIRECTOR
- GEILING, GREGORY, SCOTT - CO-CHIEF OPERATIONS OFFICER
- GEILING, GREGORY, SCOTT - CO-CHIEF OPERATIONS OFFICER
- BAYVIEW ASSET MANAGEMENT HOLDINGS, LLC - MEMBER
- BAYVIEW ASSET MANAGEMENT HOLDINGS, LLC - MEMBER
- MILLER, MATTHEW, CRAIG - MANAGING DIRECTOR
- MILLER, MATTHEW, CRAIG - MANAGING DIRECTOR
- Magee, Michael, Joseph - CHIEF FINANCIAL OFFICER
- Magee, Michael, Joseph - CHIEF FINANCIAL OFFICER
- BOMSTEIN, BRIAN, ERIC - CHIEF LEGAL OFFICER / DIRECTOR
- BOMSTEIN, BRIAN, ERIC - CHIEF LEGAL OFFICER / DIRECTOR
- O'BRIEN, RICHARD, THOMAS - CO-CHIEF OPERATIONS OFFICER / DIRECTOR
- O'BRIEN, RICHARD, THOMAS - CO-CHIEF OPERATIONS OFFICER / DIRECTOR
- EVENSON, BRETT - MANAGING DIRECTOR
- EVENSON, BRETT - MANAGING DIRECTOR
- PORTUGAL, CARLOS, MANUEL - CHIEF COMPLIANCE OFFICER
- PORTUGAL, CARLOS, MANUEL - CHIEF COMPLIANCE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
Name | % Change |
---|---|
SPY SPDR S&P 500 ETF TRU (PUT) | 11.3% |
IYR iShares U.S. Real Es (PUT) | 8.88% |
XLE The Energy Select Se (PUT) | 7.59% |
KRE SPDR(R) S&P Regional (CALL) | 2.91% |
KRE SPDR(R) S&P Regional (PUT) | 2.14% |
2024-06-30
Top Sells (13F)
Name | % Change |
---|---|
IYR iShares U.S. Real Es | 20.96% |
KRE SPDR(R) S&P Regional | 8.79% |
XLF The Financial Select | 6.38% |
USB U.S. Bancorp (First (PUT) | 0.61% |
HIG Hartford Financial S (PUT) | 0.5% |
2024-06-30
13F Holdings Summary
Name | $ Change |
---|---|
ACT Enact Holdings Inc | 28.38% |
SPY SPDR S&P 500 ETF TRU(PUT) | 11.3% |
IYR iShares U.S. Real Es(PUT) | 8.88% |
FLG Flagstar Financial I | 8.43% |
XLE The Energy Select Se(PUT) | 7.59% |
2024-06-30
13F Activity
Market Value | $287m, Prior: $257m |
Inflows (Outflows) as % of Total MV | +10.2358% |
New Purchases | 28 stocks |
Added To | 12 stocks |
Sold out of | 12 stocks |
Reduced holdings in | 3 stocks |
Top 10 Holdings % | 83.26% |
Turnover %[1] | 68.97% |
Turnover Alt %[2] | 35.42% |
Time Held Top 20 | 1.6 quarters |
Time Held Top 10 | 2.7 quarters |
Time Held All | 1.33 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30